HB Wealth Management LLC Increases Holdings in Dominion Energy Inc. $D

HB Wealth Management LLC increased its position in Dominion Energy Inc. (NYSE:D) by 54.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 73,917 shares of the utilities provider’s stock after buying an additional 25,939 shares during the quarter. HB Wealth Management LLC’s holdings in Dominion Energy were worth $5,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Motiv8 Investments LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at $25,000. Blueline Advisors LLC purchased a new position in Dominion Energy in the 4th quarter worth $28,000. Triumph Capital Management purchased a new position in Dominion Energy in the 3rd quarter worth $28,000. Advocate Investing Services LLC bought a new stake in Dominion Energy in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Dominion Energy during the third quarter valued at about $30,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.2%

NYSE D opened at $65.72 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market capitalization of $57.80 billion, a PE ratio of 22.90, a PEG ratio of 3.07 and a beta of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The business’s 50-day moving average is $68.69 and its 200 day moving average is $65.84.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.57 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.1%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on D shares. Barclays decreased their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Mizuho increased their target price on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday, August 19th. UBS Group set a $80.00 price target on Dominion Energy in a research note on Wednesday, August 19th. Finally, Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.93.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.